00551 YUE YUEN IND
- 15.200
- -0.340-2.19%
YUE YUEN IND News
[Broker Focus] Fangzheng Securities first gave Yuyuan Group (00551) a “recommended” rating indicating that it is expected to continue to benefit from the industry beta
Jinwu Financial News | According to Fangzheng Securities Research, Yuyuan Group (00551) announced the results for the first quarter of 2024. 24Q1 achieved revenue of US$2.0 billion, or -4.9% YoY, of which manufacturing revenue was -0.1% YoY; realized net profit to mother of US$100 million, +96.6% YoY, of which manufacturing business profit was +175.8% YoY. According to the bank, the company's order visibility has improved markedly. It is expected that the annual order volume will increase by medium to high number of units: Currently, as overseas sports brand inventories generally tend to be healthy, brand customer order visibility has improved markedly, and it is predicted that the order fulfillment rate is showing a positive trend, management
Changes in Hong Kong stocks | Yuyuan Group (00551) rose more than 4% and nearly doubled since the beginning of March, net profit increased 96.9% year-on-year in the first three months
Yuyuan Group (00551) has risen more than 4%, and its stock price has nearly doubled since the beginning of March. As of press release, it rose 4.33% to HK$15.92, with a turnover of HK$59.1564 million.
Yue Yuen Industrial's Q1 Profit Rises Despite Fall in Revenue; Shares Rise 3%
Yue Yuen Industrial's (HKG:0551) attributable profit rose to $100 million in the first quarter from $50.8 million in the year-ago period, according to a Monday filing with the Hong Kong Stock Exchange
Yuyuan Group (00551.HK): Net profit of 99.965,000 US dollars increased 96.9% year-on-year in the first three months
On May 13, Ge Longhui | Yuyuan Group (00551.HK) announced that for the three months ended March 31, 2024, the Group's revenue was US$2,03.6 billion, down 4.9% from the same period last year. Looking back at this period, the Group's gross profit rose 1.1% to US$503.1 million, of which the gross profit of the manufacturing business rose 20.2% to US$254.1 million, mostly offset by the decline in Baosheng's gross profit. The gross margin of the manufacturing business increased by 3.5 percentage points to 20.3% compared to the same period last year, mainly due to a significant increase in capacity utilization, flexible scheduling of production capacity, and effective cost reduction and efficiency
YUE YUEN IND: UNAUDITED CONSOLIDATED RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2024
Yue Yuen Industrial's April Operating Revenue Down 5%
Yue Yuen Industrial (Holdings) (HKG:0551) recorded an operating revenue of $650.2 million in April, down 5% from the-year ago period, a Friday filing on the Hong Kong bourse said. The footwear maker's
Yuyuan Group (00551.HK): Net consolidated operating income of US$650 million in April
On May 10, Ge Longhui | Yuyuan Group (00551.HK) announced that in April 2024, the company's net consolidated operating income for this month (that is, equivalent to total sales reduced sales discounts and sales returns) was 650 million US dollars, a decrease of 5% over the previous year. The company's consolidated cumulative net operating income for the four months ended April 30, 2024 was US$2,652 million, a decrease of 5% over the previous year.
Direct impact of changes | Special Step International rose more than 7%, leading sporting goods stocks, the sports industry may welcome favorable policies
On May 9, the $Sporting Goods (BK1185.) $concept sector collectively picked up. As of press release, $TEP International (01368.HK) $ rose 7.77% to HK$5.41; $Li Ning (02331.HK) $ rose 4.07% to HK$21.75; and $Yuyuan Group (00551.HK) $ rose 3.50% to HK$14.80. Market source: According to news from Futubull Niu Niu, on May 8, Gao Zhidan, party group secretary and director of the State Administration of Sports, issued an article stating that he will work with relevant departments to develop policy documents to promote the transformation and upgrading of sporting goods and equipment, and continue to fight
Yue Yuen Industrial (Holdings)'s (HKG:551) Conservative Accounting Might Explain Soft Earnings
Yue Yuen Industrial (Holdings) Limited's (HKG:551) stock was strong despite it releasing a soft earnings report last week. Our analysis suggests that investors may have noticed some promising signs b
Net profit increased by 100% in Q1. Is there “mixed feelings” behind the low base effect of Yuyuan Group (00551)?
Since March, a sneaker foundry giant has quietly shown impressive gains. In less than 2 months, Yuyuan Group (00551) has risen from around HK$8 to over HK$14, an increase of nearly 200%, which has attracted a lot of attention from market capital. According to the news, Yuyuan Group recently announced that profit attributable to company owners will increase by about 95% to 100% year-on-year in the first quarter of 2024, compared to 50.8 million US dollars for the same period last year. The company pointed out that the increase in performance was mainly due to the gradual recovery of the global footwear industry and the normalization of orders, which led to an increase in capacity utilization and production efficiency, as well as a decrease
Why Investors Shouldn't Be Surprised By Yue Yuen Industrial (Holdings) Limited's (HKG:551) 31% Share Price Surge
Despite an already strong run, Yue Yuen Industrial (Holdings) Limited (HKG:551) shares have been powering on, with a gain of 31% in the last thirty days. Looking further back, the 22% rise over the
Yue Yuen Industrial (Holdings) (HKG:551) Seems To Use Debt Quite Sensibly
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital.' So it seems the smart money knows that debt - which is usu
Citibank: Reiterates Yuyuan Group's “Buy” Rating Target Price Raised to HK$16.5
Citi released a research report stating that it reaffirmed the “buy” rating of Yuyuan Group (00551), raised the net profit forecast for the 2024-2026 fiscal year by 20% to 22%, and raised the target price from HK$12.5 to HK$16.5 because the gross margin of the manufacturing business beat expectations. Taking into account the proceeds of a single sale, the Group's net profit for the first quarter is expected to rise 95% to 100% year-on-year under a low base. The bank believes it won expectations. The bank pointed out that the retail business of the Yuyuan Group is still under pressure. It is expected that with consumption downgraded and purchasing power affected by the weak real estate market, retail business revenue will increase slightly this year. tubes
Citibank: Reiterates Yue Yuan Group's (00551) “Buy” Rating Target Price Raised to HK$16.5
The Zhitong Finance App learned that Citi released a research report stating that it reaffirmed the “buy” rating of Yuyuan Group (00551), raised the net profit forecast for the 2024-2026 fiscal year by 20% to 22%, and raised the target price from HK$12.5 to HK$16.5 because the gross margin of the manufacturing business beat expectations. Taking into account the proceeds of a single sale, the Group's net profit for the first quarter is expected to rise 95% to 100% year-on-year under a low base. The bank believes it won expectations. The bank pointed out that Yuyuan Group's retail business is still under pressure. The retail business is expected to generate revenue this year under the downturn in consumption and weak purchasing power in the real estate market
Changes in Hong Kong stocks | Yuyuan Group (00551) opened more than 9% higher after profit, and net profit for the first quarter is expected to increase by more than 95% year-on-year
The Zhitong Finance App learned that Yuyuan Group (00551) opened more than 9% after profit. As of press release, it had risen 9.05% to HK$13.5, with a turnover of HK$5.197,500. According to the news, Yuyuan Group announced that profit attributable to company owners for the three months ending March 31, 2024 is expected to increase by about 95% to 100% year-on-year. Profit for the same period last year was $50.8 million. It has mainly benefited from the gradual recovery of the global footwear industry and the normalization of orders, which have led to improvements in capacity utilization and production efficiency, as well as support from the low base period effect. In addition, a portion of an associated company was sold during the period
Yuyuan Group (00551) Fa Yingxi expects profit attributable to shareholders to increase by about 95% to 100% year-on-year in the first quarter
Yuyuan Group (00551) announced that the Group expects profit attributable to company owners for the three months ending March 31, 2024 to increase by about 95% to 100% compared to the profit of $50.8 million for the same period in 2023.
裕元集團：內幕消息正面盈利預告
裕元集團：二零二三年年報
Yuyuan Group (00551.HK) held a board meeting on May 13 to approve publication of the first quarter results
Gelonghui, April 12, 丨 Yuyuan Group (00551.HK) announced that the company will hold a board meeting on May 13, 2024 (Monday) for the purpose (including) to approve the publication of the unaudited comprehensive results announcements of the company and its subsidiaries for the three months ended March 31, 2024.
YUE YUEN IND: DATE OF BOARD MEETING
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